Somewhat Positive Press Coverage Somewhat Unlikely to Impact Landstar System (LSTR) Stock Price

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Media stories about Landstar System (NASDAQ:LSTR) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Landstar System earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the transportation company an impact score of 44.8614642985538 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Landstar System opened at $113.20 on Wednesday, Marketbeat.com reports. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 30.19, a PEG ratio of 1.48 and a beta of 0.86. Landstar System has a fifty-two week low of $80.00 and a fifty-two week high of $118.60.

Landstar System (NASDAQ:LSTR) last posted its earnings results on Wednesday, April 25th. The transportation company reported $1.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.02. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Landstar System had a return on equity of 27.86% and a net margin of 5.17%. Landstar System’s revenue was up 34.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. equities analysts predict that Landstar System will post 5.78 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Thursday, May 10th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 0.53%. The ex-dividend date was Wednesday, May 9th. Landstar System’s dividend payout ratio (DPR) is 16.00%.

Several research analysts have issued reports on the company. Stifel Nicolaus assumed coverage on Landstar System in a research report on Tuesday. They issued a “hold” rating and a $123.00 price objective for the company. Zacks Investment Research cut Landstar System from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 6th. Credit Suisse Group cut their price objective on Landstar System from $115.00 to $108.00 and set a “neutral” rating for the company in a research report on Monday, April 30th. Cowen reiterated a “market perform” rating and issued a $108.00 price objective (down previously from $118.00) on shares of Landstar System in a research report on Thursday, April 26th. Finally, Stephens reiterated a “buy” rating and issued a $143.00 price objective on shares of Landstar System in a research report on Monday, April 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $115.31.

In other Landstar System news, CMO Patrick J. O’malley sold 1,812 shares of the company’s stock in a transaction on Tuesday, June 12th. The stock was sold at an average price of $115.62, for a total value of $209,503.44. Following the sale, the chief marketing officer now owns 32,830 shares of the company’s stock, valued at $3,795,804.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.90% of the stock is currently owned by corporate insiders.

About Landstar System

Landstar System, Inc provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. It operates through two segments, Transportation Logistics and Insurance. The Transportation Logistics segment offers a range of transportation services, including truckload and less-than-truckload transportation, rail intermodal, air cargo, ocean cargo, expedited ground and air delivery of time-critical freight, heavy-haul/specialized, U.S.-Canada and U.S.-Mexico cross-border, intra-Mexico, intra-Canada, project cargo, and customs brokerage, as well as offers transportation services to other transportation companies, including third party logistics and less-than-truckload service providers.

Insider Buying and Selling by Quarter for Landstar System (NASDAQ:LSTR)

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